Questions You Should Ask Your Real Estate Agency

As a buyer desirous of investing in a suitable residential accommodation facility, you need to interview some potential property agents before going ahead with your decision of hiring the right one. As you go about the act of sizing up an agent for a good fit, do remember that the real estate professional will be interviewing you too. It is important to be careful of agents who fail to ask you questions or keep probing for your motivation. Here, we take you through a set of questions that will help you assess the capabilities of your potential agent and take the right decisions.
Q1. How long have you been involved in this business?
Ans. Here the standard joke remains that there is nothing missing with a new agent that good experience cannot fix. However, this does not mean that licensed agents are less valuable. A lot depends on their training and access to competent and more experienced mentors. While agents who have been in the business for a longer time, have a lot of knowledge about neighborhoods and properties that may address your requirements, the newer ones tend to have a lot more time on their hands to concentrate on you and are less expensive than their senior cousins.
Q2. What is your average ratio of ‘List-Price’ to ‘Sales-Price’?
Ans. Having deeper knowledge about the agent’s average ratio helps the cause of hiring the right person too. An effective buyer’s agent is capable of negotiating a sales price that is much less than the list price for buyers. He should hold a track record for helping buyers get their needs addressed at a cost that is closest to the list price. In certain cases, the ratios related with these prices prove to be meaningless, as the market value fails to influence the asking price. It is best not to put a lot of emphasis on these ratios.
Q3. Can you provide references?
Ans. All agents have a list of references that they are eager to share with you. While the older and more experienced ones can provide the names of their satisfied clients, developers and other professionals in the industry, the newer ones usually provide references from their previous employers. You may choose to see these references and get in touch with some people, before hiring the expertise of the one who best aligns with your immediate requirements.
Apart from the questions mentioned above, you may also go ahead and ask the potential agent about his strengths and the key factors that separates him from all competition. Look for a real estate agent who is assertive, honest and trustworthy. He should have good communication and negotiation skills as well.

Crezzy Paul is a digital marketing and professional content writer. Here you can check about Residential Flats.

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